Italian coach Ancelotti to manage Paris Saint-Germain

French top league soccer club Paris Saint-Germain (PSG) will sign later on Wednesday Italian coach Carlo Ancelotti to replace the French Antoine Kombouare, a local daily reported. Ancelotti, 52, is due to meet PSG directors to sign an agreement by which he will manage the French club for two and a half years, Le Figaro said. Under the sharing agreement, PSG will offer 500,000 euros (653,464 U.S. dollars) to the veteran Italian coach, the highest salary in the history of the local top championship. Currently managing Britain's Chelsea, Ancelotti's mission will consist in leading the club to win French championship title, it added. After David Beckham, Ancelotti was the second famous face to be recruited by PSG whose new Qatari managers are investing billions of petrodollars to improve the club standing and win European titles.